L&T's construction arm wins Rs 14.5 bn contracts including one in Egypt

Infrastructure major Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,454 crore including one in Egypt.

The Smart World & Communications Business Unit secured an order worth Rs 864 crore for implementation of 5 million Smart Meters across 16 cities of Uttar Pradesh and Haryana, the company said in a statement.

"This is a significant win for us in the smart solutions space and reaffirms our credentials as a technology leader, said S N Subrahmanyan, CEO and MD, L&T.

Besides, Power Transmission & Distribution Business has bagged orders worth Rs 568 crore from both international and domestic customers.

"In Africa, the business has bagged a breakthrough order from the Egyptian Electricity Transmission Company for turnkey construction of the Sokhna 500/220kV Gas Insulated Substation," the statement said.

In the domestic market, Sterlite Power Grid Ventures awarded an order for a project involving engineering, procurement ...